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North Korea 9, Us 7, United States 7, Obama 5, Geico 4, Washington 4, Colorado 3, U.s. 3, Oregon 3, Alex 2, Underarm 2, Neutrogena 2, Nbc 2, Leon Panetta 2, Karen Maginnis 2, Brianna 2, Brianna Keilar 2, Britta 2, Unborn 2, Treasury 2,
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  CNN    CNN Newsroom    News/Business. Latest on the day's top news stories  
   with a focus on global news, trends and destinations. New.  

    January 25, 2013
    8:00 - 9:00am PST  

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talkback question today. should the super bowl be politicized. sarah says we should stop being so afraid of conflict. i see nothing wrong with using a national platform like the super bowl to discuss issues that are important to our society. why do we avoid these conversations. it's unhealthy. from diane, i am passionate about equal rights along with otherishes but sometimes we just need a break. we love relaxing and watching the game and all the over the top silly ads. not a time. barry, these guys should be allowed to use their moment in the limelight to pronote any legitimate cause my kwish. from gary, the super bowl just needs to be about football, cold beer, good friends, and, of course, lots of chicken wings. facebook ore tweet me.
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i'm care costello. welcome. it's 11:00 on the east coast. 8:00 on the west. you don't have to feel cold to see pictures like this. you don't have to feel the pains of an ice storm like that and you don't have to be a dog in chicago who wishes for a warm fireplace instead of a frozen lake to be stuck on like that. today the arctic blast we've been talking about for days is being joined as what they call a wintry mix. that means ice and freezing rain. we're going to talk more about that in just a moment. first i want to show you some very compelling and very cool pardon the pun animation. it's seen by noaa. literally, take a peek. here's what happens. it's a bit mysterious. it pushes south during the night
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and pulls back during the day and pushes further south the next night. sort of gives you goose bumps to see how it all transpires and all that cold and the very, very strong winds have also created a phenomenon that many of us have never heard of before this week. it's called the good old-fashioned ice shove. it's just like it sounds like. ice being shoved across a frozen lake or pond and took out an entire house the other day in wisconsin. it also is bringing a lot more visitors, tourists, believe it or not, to lake winnebago including jennifer wilson of our cnn affiliate wbay in green bay. >> do you want to turn around? >> reporter: it's a brand-new tourist attraction. that retiree dave berg never expected in his backyard. >> unbelievable. >> reporter: the news of mother nature's overachieving ice shoves. >> i'm looking at the ice pushes over here. >> never seen nothing like that before.
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>> reporter: spreading as fast as the high winds that created them. >> just because i seen it on facebook so i thought i'd bring my daughter out to see it. >> one of my neighbors called me and one of my brothers who said you have to go down and look at the ice shove. it's unreal. >> i live in fond du lac and this is a bit of a hike for me too. >> reporter: here's what they're coming to see. this ice shove is about 20 feet high and it's come so far inland it's taken out a tree and even a light post. these large ice chunks pushed from lake winnebago have overtaken people's backyards and crushed street signs. all of this would be upsetting. >> look at that tree over there. >> if it wasn't so impressive. >> i think it's kind of cool. >> it even has berg rethinking his retirement. >> if i had a buck for everyone that drove down here i would be a rich man. >> this just in.
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it's too cold for a polar bare swim. i kid you not. the rotary club has announced its postponing the polar bear plunge because it's just too cold. that raises money for the hurricane sandy victims, so that's off the agenda for now. anyway, our karen maginnis is joining us now, meteorologist who's probably experiencing one of your busier weeks, so to speak. these pictures are interesting and the ice shoves are interesting but i keep saying over and over, this is deadly stuff. i grew up this in weather and it can kill you. >> yes, it really can and it doesn't take a lot. and we talk about the ice and definitely for people who are going to be driving through tennessee and kentucky and portions of ohio. the ice is the big factor. you can't see it. it's blass ice in a lot of cases. it's moving through fairly quickly, especially across kentucky. by the way, we'll just go ahead and show you what's happening along interstate 65. this is along the blue ridge
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parkway. this right here is interstate 65. just south of that near elizabe elizabethtown they have a pileup there because of icy conditions. it's become at least aggravating and at best you're going to be slowed down but at worse it could cause quite a few traffic accidents. watch out for that. where you see this, this is where ice is being reported. it's fairly difficult to kind of pin down what's going to happen as we go over the next several hours but this is the ice accumulation of 0 .3 inches. a tenth of an inch of ice over some areas. as mentioned, this is going to move through quickly, but these overnight low temperatures are going to continue to be cold. the ice is not going to disappear any time soon. all right. as we take you through time for friday, that system moves right across the southern appalachians on the tail end of this. that's where we'll see the ice
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once again. to the norngt that's where it looks like it's going to be. from washington, d.c. to new york, one, two inches of snowfall expected across these regions, and it does look like the ice as well as winter weather conditions extending from atlanta. we may dodge a bullet for atlanta, but extending on up through charlotte all the way up into the delmarva peninsula, that's where you're looking at the bitterly cold temperatures. ashleigh, as you said, very dangerous conditions here. at least we weren't looking at a widespread event across the southeast. >> it's wide enough. >> yes. >> it hit everybody except for folk -- hey, by the way, i want to tell you when we had our meeting this morning and we were all griping about how cold it was and how we had to dress like snow princesses, we found a place in russia. apparently we should not be complaining because the 500 or so residents on a regular basis have minus 60 as their temperature and it can get as cold as 108. so i just want to make sure
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people know that elsewhere gas prices can be higher and it can be a lot colder. and also the murder rate goes down in a lot of places. new york hasn't had a murder in seven days. so there's also an upside to this this story. >> strange as it may seem. i saw that as well. in the area of siberia, they have about 500 residents, and how they endure those triple-digit below-zero readings -- >> i can't imagine. >> it is unimaginable. >> unimaginable. i like that you have a turtleneck, but you need longer arms. karen maginnis, thank you. >> thanks. one of the rising stars of the gop calls out his own party for being -- and i'm going to quote him here -- stupid. as you're about to hear, louisiana governor bobby jindal was not holding back at the r nbc's winter meeting. listen up. >> we've got to stop looking back. we must reject identity politics. with we've got to stop being the stupid party. with giev to stop insulting the
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intelligence of voters. >> ah. the r nbc's chairman has directed a panel to identify winning political strategies for future elections, especially minority outreach. the vice president joe biden taking the president's gun control campaign on the road. biden and other white house officials holding a round table discussion today in richmond, virginia. he held some similar talks online, a google talk yesterday, where he gave this advice. >> in california everyone talks about the big earthquake or some natural terrible disaster. what would you say -- >> guess what? a shotgun will keep you a lot safer than the assault weapon in somebody's hands who doesn't know how to use it. even one who doesn't know how. you know it's harder to use an assault weapon. you want to keep people away in an earthquake, buy some shotgun shells. >> that's pretty candid. the vice president's comments
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came after senator dianne feinstein introduced her bill on the ban of firearms. it would leave legal thousands of other kinds of rifles and weapons. and a partial victory to report for gay rights in rhode island. the rhode island house of representatives has approved the same-sex marriage act on 51-19 vote. it is not yet clear when the senate could take up this bill. the house vote was the first time either chamber voted on the issue since the bill was introduced back in '97. the governor there says he's going to sign that bill if, in fact, it clears the senate. [ male announcer ] if you can clear a crowd but not your nasal congestion,
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kij john unissues a warning to the united states. he's just been in power for over a year and he's pretty mysterious. we know little more about him today than when he took over the government for his father king jong-il. what what we do know, he's in his late 20s, spent some time in a swiss boarding school and he married the woman to his left on your screen. we have not seen her since these pictures came out. no idea if they're still married, if she's still on the scene. now uppermost in a lot of minds of the people, is this man calling the shots? is the military calling the shots? who exactly is in control and what does control mean in that country? this week kim's government unlived some very firy rhetoric, threats against the united nations and united states. and key ally south korea. the warning, more rocket tests and the latest one coming today,
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a warning to the south of, quote, strong physical counter measures, end quote, if the south helps to enforce new u.n. sanctions against the north, sanctions imposed after north korea's rocket launch last month. washington believes they're trying to develop missiles that could hit the united states, missiles that could one day possibly be armed with nuclear warheads. joining me now is cristian amanpour who's no stranger to north korea. i remember watching pictures of you in 2008. >> that was five years ago. things have changed remarkably. you ask what is the power, who is kim jong-un. he is the new leader and he's taking a change out of his father's playbook. no change. you see this very belligerent, bellicose rhetoric. leon panetta held a press conference that said we're
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worried but fully prepared. nobody believes they have in wherewithal to target the united states. >> when you speak, we listen. we have leon panetta's actually comments. let's play it and we'll talk about it on the other side. >> i'm very concerned with north korea's continuing provocative behavior. we're fully prepared. we remain prepared to deal with any kind of provocation. >> so here's the problem. we hear about rhetoric, fiery rhetoric coming from north korea all the time, whether it was king jong-un's father, whether it was kim jong-il. do we know who's running the show? do you think him? he's so young. >> you know what? it doesn't matter. there's him at the head of it. there's a huge military group behind him. the policy remains the same, whether it was the grandfather and founder of north korea, whether it was this man or his father. it's the same. it's a very bell image subsequent, quote/unquote military first, policy,
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scandalous sources, they pour into their military program and what everybody's worried about is in nuclear program. the united states does not have bilateral talks or relations with north korea. in fact, the u.s. is still in the technical stage of war. it was only an armistice that was signed. >> 20,000 troops assigned to the dnc. by the way, what do those troops mean? >> they're gone. >> is it just to show we're here? >> no, no, no. it's an absolute line of offense of north korea into south if that should take place. it's a real statement of maintaining the south korean allies. >> again, i'm not clear on whether it's 28,000. that is far fewer than the number of standing troops that kim jong-un has. >> of course, it is, but nobody feels there's going to be an
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invasion in any event. the real question is how does one solve this perpetual thorn to the united states, that is the constant threats by north koreans. they do not yet have the long-range missiles to reach the u.s. >> do wi know this for sure? >> yes we do no for sure. but the fear is how will they keep going ahead? and what they're doing is showing that the current policy is not working of the international community, that the sanctions are not stopping them from this belligerence. now, as i say, they're not there yet but they might be, and what's really -- >> they may not like the sanctions if they're making threats to the south. >> this points out yet again the big challenge for president obama for the united states as he starts his second administration. how to stoop nuclear proliferation. whether it's here or in north korea. it has to happen through negotiations. chinese who are america's biggest ally and north korea's
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biggest ally in this situation now say their north korean friend is beginning to tick them off and the chinese are the only ones who have the leverage to get them to behave. >> so the noose is tightening around this oddball young man who some thought maybe there'll be a change. we're flat out of time. you're wonderful. will you come back? >> any time. >> i like this woman. she's terrific. good to see you. back after this. but now i'm sig the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. two. three. my credit card rewards are easy to remember
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so i've done a lot of beats in journalism and i've never covered sports. it is my weakest sports but when i heard this story i instantly became a sports reporter. here's why it was so significant. she's an olympian. she's medaled several times so she's pretty awesome and there's her picture. but it wasn't always an easy ride for this young woman and i'm goip to tell you what happened at her first track meet in her freshman year at her high school. her coaches didn't give her a uniform, and when it came time for her to run her race, the meet officials stopped the whole meet and let her go out on the track by herself, do her round
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by herself, and then she could get off the track so the rest of the meet could continue without her. to say that was a humiliation for this remarkable athlete might be an understatement. what it did was light a fire under her to make a change and change she did. she got into the legal angle of life and all of a sudden today the government is stepping in to make sure tatiana's story doesn't get repeated a whole lot. i'm happy to be joined by at e tatiana. first of all i can't believe you went through this experience. skornld of all, i can't believe you had the gumption to take action and i can't believe the action has resulted in real action. give me a feel for what the government is doing with schools to try to stop disabled athletes from not having the kind of access that you felt you didn't have. >> you know, today was definitely history that is made. it was a very tough battle.
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through my four years of high school. i cannot express the feelings that i went through, the humiliation that i went through. it was -- it was the toughest four years i've ever had. and when civil rights took action, i -- oh, my gosh. tears of joy. i know that people after me can now participate in high school sports without going through the battle that i had to. >> tatiana, i think some people watching they don't understand how the government could sort of inject sbooits a school and say you must allow disabled athletes to compete equally with able-bodied athletes because athleticism is different. we have paralympics and olympics, special olympics and olympics, but what exactly can be done to change some of the nature of athletics in schools so that there isn't this
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complete segregation? >> well, you know, when i went into high school, it's about opportunity and it's about being involved with your peers. and it's really about educating that. whether you have a disability or not, everyone should be involved. and i think it's great that, you know, it's being taken into action into schools. you know, this opens up huge doors, you know. like people going to college right after high school, getting, you know, a letter, being part of high school sports is a huge thing. it's getting involved in high school opens up so many doors and i'm really, really excite about this. and i'm honored that it happened. >> i was looking at some of the policies and examples of what schools can do to make sure that
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a disabled athlete can compete with an abled athlete. something like this. a track athlete who might be deaf can't hear the gun, so if you just bring some flashing lights out onto the track, that gives them the same opportunity and the same way to compete as their counterparts. some people would say also that's going to cost some money because there are going to have to be some changes across the board and now that the government is saying if these schools don't do this, they're going to have money withheld, federal money withheld. so do you see where some schools may be frustrated or not know how do this without going broke? >> you know, i think it's just all about -- all about educating. schools made adaptions for me throughout my whole high school career, and it is small, you know, minor adaptions. it's just about learning all these new adaptions to make for people with disabilities. and, you know, i think change is
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happening right now, and it is for the positive. you know, you can sit there and stay all the negatives, but in the end, i mean it's -- it's going to change so many lives for people with disabilities. you know, they can have the opportunity to grow and really become who they want to be in the future instead of always saying no, no, no, you can't do this, you can't be involved. so i think it's -- i think the change is going to be for the best. >> hey, at the tatiana remind me of how many. >> total of 10, three gold medals from the london paralympic games and one bronze. >> case in point. tatyana, great to talk with you. congratulations on all your amazing success and your pursuit of justice for those who were not able to take the track that you have taken to being such a successful athlete. nice to meet you. >> thank you so much.
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thank you. >> tatyana mcfadden joining us. she works as a national advocate for equal access for people with disabilities and if you are more fascinated than i am, which is impossible, you can learn more about her off the field work. visit her website at tafyanamcfadden.com. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you.
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now i know you have heard on cnn and other news networks if you watch o'networks that medical mann is not the least bit controversial and then comes a story about a family in oregon that's using medical mann for a child. before you make a snap judgment this child has autism. okay. before you make another snap judgment, this child has the kind of autism that you may never have seen before. and when you see what happens when they use medical mann, you may feel entirely differently about this story. have a look at our affiliate reporter's report.
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>> reporter: it's difficult to watch, this video of an oregon child hurting himself in a fit of rage. 11-year-old alex is see yearly autistic. his self destructive behavior your brought on by a genetic disorder that affects about 50,000 people this the u.s. it causes growths in yore against. in alex's case, primarily in the brain. those growths can lead to seizures and atufrm. alex can't communicate with words making it difficult to understand what's troubling him. >> indescribable. it was horrifying. he was able to be acting normal and all of a sudden run himself into a wall. >> reporter: his parents have turned to a controversial treatment, medical marijuana to manage his behavior. >> when you've got no other options, are you honestly going to say no? >> it wasn't always this way though. >> he was actually going to be jake for the longest time, and when he was born and when we saw him we said that's not jake. that's alex. >> reporter: the day alex was born, they were full of hope until six weeks later when their baby had his first seizure.
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>> we didn't know he was going to be autistic at that time. i think he was 3 when he first started hurting himself. >> reporter: by the time alex was 5 it was intense self-directed rage. alex head-butted anything he could, bruising his forehead so badly his father said the blood would drain until alex's entire face was black and blue. they got a helmet, swaddled him like a newborn, tried mood-altering drugs. but alex's behavior became the eugene's family a new normal. when he was 8 they made a heartbreaking decision to move him into a state funded group home. >> it was like we were throwing him away, like we were just giving him to somebody else and saying, sorry, buddy, you know, you're not part of the family anymore. it was -- it was pretty rough. >> reporter: but was there a way to help him to bring back this smiling boy? alex's parents looked into
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oregon's medical marijuana program and the doctor approved alex. alex is now about 1 of 50 children with a card like this. while autism is not a qualifying medical condition like cancer or pain, in alex's case the seizures are and they saw dramatic improvement. >> he went from hitting himself, bloodying his face and within an hour and half, he would be playing with toys, using his hands,some that at that time was almost unheard of. >> this is an extremely rare occurrence for alex. >> reporter: the group home won't give him marijuana so about three times a week they give him the liquid form of the drug. >> the report from our affiliate kptv reporting that unbelievable story and our senior medical correspondent elizabeth cohen has been following up on this.
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i'm at an absolute loss. >> it's so hard to be those parents. so hard. you know, the american academy of pediatrics is officially against it. we reached out to autism speaks which is a big advocacy group which is big on autism and their families. they say there is currently no adequate scientific evidence to advocate the use of medical marijua marijuana. they're saying there's this family who's saying they had a good experience, other families who say they've had a good thing. >> other families. how many? is there a group? have they found each other? are they able to lobby? hey, listen. when there are controversial drugs being tested, and you're in fear of dying, you do
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anything. regardless of what the government says krks which is mann will continue to be a. >> right, so these families have found each other. the eckecles family did it. they're scattered, downline, talking to each other online. i don't think there's a formal lobby or anything. so they live in a state where marijuana is league, then they do what this family did and they try to seek out a prescription. if they live in a state where it's not legal, that can go to the doctor and ask for marinol which is a prescriptive drug that contains the similar or active ingredient. these families are out there try dog this. so while even though the american academy of pediatrics and autistic groups say there's no science out there, they say what else is there to try. this is it. i must say i did speak with a
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doctor who did not want his name used but he treats children with autism and he said, look. it's a little hypocritical for us to say as doctors that we're so worried about the long-term effects of marijuana when we're giving these kids prescription drugs that can have some really heavy-duty side effects, short-term and long term. i think individual doctors are beginning to question the wisdom and they're starting to say, maybe we should be giving these kids marijuana. >> oh, it's just astounding when you see, a, the video, which is just mind-blowing and then to see the effect afterward. elizabeth. follow that and let us know where that goes and where the families end up being. that's unbelievable. by the way, the eccles do admit that the long-term side effects are unknown and they say they're not advocating that medical marijuana be gimp to all autistic children. [ lane ] are you growing old
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this week marks the 40th anniversary of a woman's guaranteed right to choose abortion this this country. it's roe v. wade and it ranks amo among the most divisive. that is saying something. and that's why thousands of abortions rights opponents are expected to brave this 20-degree weather on the national mall in washington today for what's being billed as the march for
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life. you're seeing it live right now at 11:37 eastern a.m., and it is very cold. the rally is going to officially get under way in a half hour. they turned up early. former gop rick santorum is going to be among the scheduled speakers at this event. all of this as the supreme court of colorado is being asked to take up a heart-rendering case that pits a catholic hospital against fundamental catholic teachi teachings. stay with me. here's the case. in 2006 a pregnant woman who was carrying twins had a heart attack and she did not survive more than an hour at the st. thomas moor hospital in canon city, southwest of colorado springs. she died. and the twins that she was carrying died as well. the woman's husband was very angry at why she died but more so why those twins died because they had tried to page the doctor on call who did not
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respond and there was no emergency c-section to save those children. two state courts, though, have sided with the hospital in the suit that he brought, the wrongful death suit. they're basing the defense here on a colorado law that holds that unborn fetuses are not persons with legal rights. let me back that up again. the catholic institution, its defense, those fetuses weren't persons. you do not have to be a theologian at this point to see what you might consider some serious hypocrisy here. a total disconnect from the catholic doctrine that maintains life begins at the stage of conception. where does that leave you legally? joe jackson. i don't know if legally it leaves us anywhere but it sure is a talking point. >> it really is because it's a distinction between what's morally right and legally right.
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here world series's what you have the catholic teachings and faith and conception, with respect life, we want you to bear life, we want you to have this -- you know, a fetus should be respected. now you have the lawyers saying, look, colorado's wrongful death statute, which protects, you know, people, right? that's the argument. people against negligence, which causes their death, the issue becomes should that unborn fetus be entitled to the legal protections as a person under the law. >> well, can i just state here -- and i don't have the actual statute in front of me but it does say that the actual law says the term "person" cannot be applied to fetuses. the law protects doctors. the fetuses are not persons with people rights. that's the law, period. >> yes. you can have the leverage lay tur -- it's not in the court's domain to make the law. it's the court's domain to
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interpret the law. that's why there's been two court decisions. look, we can't consider it because the legislature says we cann cannot do. so however, the issue becomes have they viable fetuses such if they were born they would be people and therefore they would have the legal rights. >> take the whole catholic thing out of this. isn't this a cut and dry-wrongful death case. the guy on call does not answer the page. the woman is alive for a little less than an hour and those twins could have survived potentially. >> potentially. >> that's a big issue. if someone had attended to this issue or ordered an emergency c-section sooner. >> 100% but there are a couple offishes there. when you say potentially it seems that the experts suggest if she was given a c-section before the heart attack the fetuses would have survived. the second issue would be it would be different if we were talking about the woman's death.
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certainly a wrongful death action would attach to his wife or her because she's a person, she's alive. it gets trickier when you have the law as it's spelled out and as you have read that says it does not apply to the unborn. and therefore unless the legislature changes the rule, expect the opinion to stand. >> okay. i'm going to read a statement from the colorado catholic bishops because clearly this is a big deal for them to have to digest. they say this. catholics and catholic institutions have the duty to protect and foster human life and to witness to the dignity of the human person, particularly the unborn. catholic health initiatives, that's the group in charge of the hospital, assured us of their intention to observe the moral and ethical obligations of the catholic church. we will undertake a full review of this litigation and of the policies and practices of catholic health inish yivs to ensure fidelity and faithful witness to the teachings of the catholic church. i just don't understand because
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defenses don't happen overnight or like perry mason in court. >> no, they don't, they're planned out. >> they take a year or more to say, gee, this is really odd. we're going to have to take a look-see. >> i tlink's battle here. look, we have to look at the statue and see how with can best defend you and the catholic teachings would say, wait a second, we want to respect fetus's rights. >> is that officially in law called between a rock and a hard place? >> it would be called a rock and a hard place. >> and a diamond because it's worth tens of millions? >> you know what i think is the way out of this, respect the family, settle with the family, give them what they rightfully deserve. it won't give the children back but it will give them some financial support for the future. >> fascinating and jaw-dropping, your stories always are. >> to say the least. >> more stories. we'll be right back after this. i have low testosterone. there, i said it.
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much inside president obama's close circle. he's advised him during the troop withdrawal in iraq, the current one going on in afghanistan and he's in a photo that's now become famous. he was in the situation room during the raid on osama bin laden's house. you'll see him sitting next to secretary of state hillary clinton. it goes back mump further than that. he has been here at the white house since the beginning of president obama's first term. in fact, he helped him as he was coming in to the white house and their time together goes all the way back to when president obama was a senator-elect, when he was coming from being a state legislator in illinois to the senate. so all the way back to his time where he first came to washington. he also was a foreign policy adviser, ashleigh, to the former senate majority leader tom daschle. so he has quite a long credential when it comes to foreign policy, but also he'll
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obviously be dealing as well with domestic policy issues as chief of staff. >> so, brianna, i keep getting all these papers hitting my desk, one after another of announcements. ite like a flurry of announcements. who else is coming in and going out? >> reporter: a lot of folks are being promoted from within. some of them may not sound familiar, some of them will, but some are definitely going to be become more familiar to you. dan fifer, currently the communications director at the white house will be promoted as assistant to the president and senior adviser. this is a role that was recently vacated by david plouffe. and rob nabors will be deputy chief of staff. jennifer palmieri goes up to communications director and tony will now serve in the deputy role to the president.
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>> all right. brianna keilar, thank you for that. a quick addendum to brianna's reporting. the president is expected to make his announcement in a couple of minutes. live statement. 12:10 from the east room in the white house. we're going to be carrying it live right here on cnn, so stay tuned. [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums
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the housing market is still trying to come back from the brink. we've had great reporting and
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then new sale numbers for december were just released and they're down. not just a little. 7.3% from the month before. overall here's the better silver lining. it was the best year since 2009 so there's that. christine romans is here with the good news. i wanted to say when i heard down, we had this great trend. holidays. >> end of the year. yeah. when you look at the year, it was the best year since 2009. new home prices are up 7%. more than 7% year over year. i want to show you what a recovering home market looks like. last month david and grace got married. now they're about to close on their dream home. a brand new four bedroom five bath colonial. the house was on the market for two weeks before the seller accepted their offer. more than 30% of all homes sold in december were on the market less than a month.
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average time on the market for all homes, 73 days. >> i try to tell my clients if they really love the home, you know, be ready. be ready for a bidding war. >> here are numbers. existing home sales are at five-year highs up more than 12% from this time last year and new home sales are up 8.8% despite a drop last month. at the same time rents are rising. >> our rent has gone up 40% over the past two years so i think that has really pushed us in partic particular to look for a home. >> it creates jobs in the construction sector. furnishing the new home from appliances. starting from scratch means that it feeds through the improvement of home sales and on new home sales side in particular feeds through more broadly to the economy. >> reporter: sounds like the chus are just beginning.
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>> the interest rates are low and it's great timing. >> 40-year lows for mortgage rates. i have to tell you, mortgage rates have been ticking up a little bit. just a little. they are now at four-month highs. 30-year fixed rate 3.42%. it's still near record low of 3.31% overall. on those new home sales, smaller part of the market. most of us buy a house that's already been built. those sales have been strong. a pullback at the end of the year. last year was a good year. look at the past ten years. you had the peak of new home sales and then a record low in new home sales in just ten years and now trying to come up off the map. >> high in '05? i bought in '06. brilliant. >> are you refinancing in '13 is the important point? >> in fact i'm, smarty pants. in nerd money world this is a big day because timothy geithner's last day on the job. i walked over to christine's desk saying it must be a big deal and you told me and i'm
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going to totally embarrass you and make you tell the story on tv about your first meeting with him. >> it was my second or third meeting. height of the financial crisis in 2008 and 2009, i mean, i met with him several times with other reporters as well he was trying to explain what was happening in the economy. those were dark days. one of those days it was an off the record meeting with the treasury secretary and suddenly it turned to be on the record. i was rummage you through my purse looking for something to take notes with. it was serious talking about saving the economy and stimulus. >> you want to get it right. >> i want to get it right and i want to get the quotes. all i have is a twistable blue crayon. i look at the treasury secretary and he smiled and it broke the mood if you will. it was a really scary time. >> every subsequent visit didn't he yell does someone have a pen
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for roman. i would like to anoint you with that. if it would have been me, all i would have had is lego. back after this.
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